11:21:14 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 870,803,292
Close 2017-03-17 C$ 58.30
Market Cap C$ 50,767,831,924
Recent Sedar Documents

Globe says BCE completes deal to take over Manitoba Tel

2017-03-20 07:24 ET - In the News

Also In the News (C-MBT) Manitoba Telecom Services Inc
Also In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Saturday edition that BCE has closed its $3.1-billion deal to acquire Manitoba Telecom Services and says it will begin spending on networks and offering its Fibe television and Internet services in the province. The Globe's Christine Dobby writes that the companies struck a deal last May but only received the final necessary federal approvals last month. BCE said Friday that it has completed the transaction as planned and will pick up 710,000 wireless, TV and Internet customers. Manitoba is one of the last provinces with a regional telephone company that offered competition in the wireless market to the Big Three carriers: BCE, Rogers Communications and Telus. Wireless prices in the province are lower than in many other parts of the country, and to win the blessing of the Competition Bureau and the Department of Innovation, BCE agreed to transfer 24,700 of its wireless subscribers (plus cellular airwaves and retail stores) to rural Internet provider Xplornet Communications, which plans to launch a new mobile business in the province. Telus will pick up 110,000 new wireless customers as part of a $300-million side deal. BCE has 470,000 wireless customers in Manitoba.

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